Shares of JSW Infrastructure that were up as part of its initial public offering are being fully subscribed on Day 2. Data shows the Sajjan Jindal-owned company’s public issue has so far been subscribed 2.13 times. Twenty-four companies have so far listed on Indian exchanges in 2023 and most of them have delivered firm returns […]
Spinneys Dubai LLC, the franchisee of the supermarket chain in the United Arab Emirates and Oman, is considering an initial public offering (IPO) of the business in the second quarter of 2024, the news agency Reuters reported. Albwardy Investment, the 100 per cent owner of the franchise, has purportedly engaged Rothschild & Co to provide […]
Ferns N Petals (FNP), the leading gifting brand in India, is considering the possibility of going public with an Initial Public Offering (IPO) by 2025, while also evaluating the prospect of securing additional funding in 2024, Vikaas Gutgutia, Founder & MD of the company told BW Retail World. “We are expanding,” said Gutgutia, “We probably […]
India’s Ola Electric plans to file regulatory papers for its up to USD 700 million IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore’s Temasek and Japan’s SoftBank, Ola Electric was valued at USD 5.4 billion in a recent […]
Ethnic clothing retailer Sai Silks (Kalamandir) announced on Monday that it has raised more than Rs 360 crore from anchor investors, days before the start of its Initial Public Offering (IPO). According to a circular posted on the BSE website, the company has allocated 1.63 crore equity shares to 26 funds at Rs 222 a […]
Zomato shares rose sharply for the second straight day after the company reported its first-ever quarterly profit. Shares of the food aggregator and delivery company Zomato soared 10 per cent on Friday and about 5 per cent today. At the time of writing this report, Zomato shares were trading 5 per cent higher at Rs […]
Bhavish Aggarwal, Founder and CEO of Ola Electric Mobility said that the company is in line for an initial public offering (IPO) sooner than he imagined. The Indian startup began selling electric scooters in late 2021 and has emerged as the leader in India’s electric-scooter market with a 38 per cent share. Ola, backed by […]
Indian wire and cable maker RR Kabel, backed by private equity firm TPG, filed for an initial public offering on Sunday, seeking to raise up to USD 27.53 million, according to its draft prospectus filed to India’s market regulator and seen by Reuters. RR Kabel, India’s fifth largest branded wires and cable manufacturer, plans to […]
Alibaba’s logistics arm aims to raise up to USD 2 billion via a listing in Hong Kong likely early next year, sources with knowledge of the matter said, bolstering hopes for a capital markets revival in the Asian financial hub. Cainiao Network Technology’s initial public offering (IPO) plan comes after Alibaba flagged in late March […]
At a town hall meeting on Monday, Agarwal informed employees that OYO aims to achieve adjusted EBITDA of nearly Rs 800 crore in the coming fiscal year. Hospitality and travel-tech company OYO expects its revenue in FY23 to be more than Rs 5,700 crore, up 19 per cent from Rs 4,780 crore in FY22, according […]
